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The official Bitbns App is now available:
Buy Tether in India
Simple Steps to Buy Tether (USDT) in India
Investors can simply "Sign Up" with their e-mail ID.
You will receive a confirmation e-mail after the creation of your account.
For identity verification purpose, investors are supposed to submit PAN Card, Aadhar Card photocopies.
Next step is the activation of 2-factor-authentication. This is only possible using a smartphone (iOS and Android) and enhances the security of your Bitbns-account. 2FA confirms important processes (such as login, payments, etc.) in your Bitbns account using a 6-digit alphanumeric code, which changes every 15 seconds. This makes it hard for any intruder/hacker to cause any damage.
As soon as documents uploaded above get verified (The KYC verification process takes only 30 minutes), you can login to the site by clicking on 'Login' at the top right of the page and start purchasing USDT.
The Tether was created in 2015 with the enticing promise of offering a stable cryptocurrency, indexed on the dollar. In the highly volatile stock market jungle of virtual currencies, a tether is still worth a dollar, and every new Tether created must match a dollar on the bank accounts of the mysterious coin creator, J.L. Van der Velde, and his two associates.
Tether, previously known as RealCoin and was an ordinary altcoin, is rather popular with traders. Tether team decided to change the name to have a positive impact on their business and they were right!
A parity that also offered a simple solution to a recurring problem: how to buy bitcoins? Several exchange markets - including Bitfinex, the largest in the world today - do not accept dollars, often because they have failed to reach an agreement with traditional banks to access foreign currency reserves. In the absence of dollars, they began to accept the tether as a means of payment. A specificity that quickly earned this dematerialized currency a high popularity.
Simplifying as much as possible, Tether could be described as a service that transforms the rupee, dollar, the euro into digital currencies that can then be exchanged using Blockchain technology.
To be precise, the Blockchain Omni layer is used and its protocol relies heavily on that of Bitcoin.
The Bitbns platform and service is designed, developed, and operated by Buyhatke Pvt Ltd, a company based out of Bangalore, India. According to its own data, the platform has 2 lakhs visitors traffic on a daily basis. The team is putting on immense efforts to unite various cryptocurrencies on a single trading platform. Also Bitbns is a fully automated platform, further garnering investor attention from its very beginning.